My son's business (Vegas Pressure Wash) does all the surface cleaning. I wanted him to get into sealing but most of his clients are commercial and they don't want to spend the $$ needed to do it right just yet.
We're still in a recession here that has halted a lot of that type of work.
The local "micro" economy - meaning the tenant-property manager economy - is looking up right now and they are stating to start up services again. Commercial spaces are beginning to fill up again, but the former $5k/mo 1200 ft2 space is now leasing for $1k/mo. Imagine your income going down by 80%. That's what has happened here with the commercial market.
The next wave is the commercial foreclosures. I'm told by those who know that it will be equal to the scale of the residential foreclosures and they are just now trying to figure out how to deal with it on a local government level.
I don't know how it will affect our (Sonitx) services. Many of these new tenants have long term leases. In the past as PM's or shopping center owners have gone bankrupt some of the trustees have made certain that they keep our service throughout the entire bankruptcy. That's one of the good things about having a maintenance service that can't be written off as a "cosmetic" service. We get lots of checks monthly from accounts that went bankrupt a long time ago and are guaranteed the accounts until the bankruptcy is discharged.
One a good note we just completed the best month we've had since mid 2007.
I'd like for Chris to add the sealing. Maybe in a year or two the market will be back up enough for that.